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Dragon_Investments
May 26, 2020 10:42 AM

IT MIGHT BE A FAKEOUT 

New Zealand Dollar/Japanese YenFXCM

Description

NZDJPY is over the resistance of the rectangle(range trading since the end of March), we have topay attention because MACD is creating a divergence and price could come back inside the range. We need to wait before opening a position, if price comes back under 66.10 by the end of the day we could open a sell, otherwise we will buy with target 68.20.
Pay attention tu fundamentals because USA-CHINA tensions are not over and riskier currencies like aud,nzd might come back strongly.
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